RLR CONSTRUCT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RLR CONSTRUCT
Largest movements
- Cash -€84,928
down €84,928 (-99.6%), from €85,283 to €355
mainly Receivables within one year (-€61,646) and Current investments (-€32,622)
- Receivables within one year +€61,646
up €61,646 (+47.6%), from €129,453 to €191,099
of which Trade receivables: +€62,076
- Tangible fixed assets -€35,296
down €35,296 (-13.5%), from €261,115 to €225,818
- Current investments +€32,622
up €32,622 (+930.1%), from €3,507 to €36,130
- Deferred charges and accrued income -€9,645
down €9,645 (-61.6%), from €15,655 to €6,010
- Debts after one year -€19,323
down €19,323 (-34.3%), from €56,357 to €37,034
- Other debts -€16,195
down €16,195 (-26.1%), from €62,166 to €45,971
- Profit (loss) carried forward -€16,075
down €16,075 (-84.3%), from €19,058 to €2,984
- Short-term financial debts +€11,377
new in 2025: €11,377
- Trade debts +€8,702
up €8,702 (+15.8%), from €55,216 to €63,918
- Gross operating margin -€87,204
down €87,204 (-35.8%), from €243,667 to €156,463
- Financial charges -€27,588
down €27,588 (-83.5%), from €33,040 to €5,452
- Taxes -€10,061
no longer reported in 2025 (was €10,061)
- Staff costs -€8,361
down €8,361 (-6.2%), from €134,945 to €126,584
- Depreciation -€7,041
down €7,041 (-15.5%), from €45,326 to €38,285
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,513 | €465,412 | -€32,101 | -6.5% |
| Fixed assets | 21/28 | €261,115 | €225,818 | -€35,296 | -13.5% |
| Tangible fixed assets | 22/27 | €261,115 | €225,818 | -€35,296 | -13.5% |
| Land and buildings | 22 | €200,801 | €186,517 | -€14,284 | -7.1% |
| Plant, machinery and equipment | 23 | €13,681 | €8,939 | -€4,742 | -34.7% |
| Furniture and vehicles | 24 | €46,633 | €30,363 | -€16,270 | -34.9% |
| Current assets | 29/58 | €236,398 | €239,594 | +€3,196 | +1.4% |
| Stocks and contracts in progress | 3 | €2,500 | €6,000 | +€3,500 | +140.0% |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Contracts in progress | 37 | €2,500 | €3,500 | +€1,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €129,453 | €191,099 | +€61,646 | +47.6% |
| Trade receivables | 40 | €116,833 | €178,910 | +€62,076 | +53.1% |
| Other amounts receivable | 41 | €12,619 | €12,189 | -€430 | -3.4% |
| Current investments | 50/53 | €3,507 | €36,130 | +€32,622 | +930.1% |
| Cash at bank and in hand | 54/58 | €85,283 | €355 | -€84,928 | -99.6% |
| Deferred charges and accrued income | 490/1 | €15,655 | €6,010 | -€9,645 | -61.6% |
| Total equity and liabilities | 10/49 | €497,513 | €465,412 | -€32,101 | -6.5% |
| Equity | 10/15 | €298,800 | €282,725 | -€16,075 | -5.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €261,192 | €261,192 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €259,337 | €259,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,058 | €2,984 | -€16,075 | -84.3% |
| Amounts payable | 17/49 | €198,713 | €182,687 | -€16,026 | -8.1% |
| Amounts payable after more than one year | 17 | €56,357 | €37,034 | -€19,323 | -34.3% |
| Financial debts | 170/4 | €56,357 | €37,034 | -€19,323 | -34.3% |
| Amounts payable within one year | 42/48 | €142,356 | €143,766 | +€1,410 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €19,323 | €19,323 | = | 0.0% |
| Financial debts | 43 | - | €11,377 | +€11,377 | |
| Credit institutions | 430/8 | - | €11,377 | +€11,377 | |
| Trade debts | 44 | €55,216 | €63,918 | +€8,702 | +15.8% |
| Suppliers | 440/4 | €55,216 | €63,918 | +€8,702 | +15.8% |
| Taxes, remuneration and social security | 45 | €5,650 | €3,176 | -€2,474 | -43.8% |
| Taxes | 450/3 | €3,176 | €3,176 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,474 | - | -€2,474 | |
| Other amounts payable | 47/48 | €62,166 | €45,971 | -€16,195 | -26.1% |
| Accrued charges and deferred income | 492/3 | - | €1,888 | +€1,888 | |
| Remuneration, social security and pensions | 62 | €134,945 | €126,584 | -€8,361 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,326 | €38,285 | -€7,041 | -15.5% |
| Other operating charges | 640/8 | €3,084 | €2,872 | -€213 | -6.9% |
| Gross operating margin | 9900 | €243,667 | €156,463 | -€87,204 | -35.8% |
| Operating profit (loss) | 9901 | €60,312 | -€11,278 | -€71,589 | |
| Financial income | 75/76B | €3,862 | €655 | -€3,207 | -83.0% |
| Recurring financial income | 75 | €3,862 | €655 | -€3,207 | -83.0% |
| Financial charges | 65/66B | €33,040 | €5,452 | -€27,588 | -83.5% |
| Recurring financial charges | 65 | €33,040 | €5,452 | -€27,588 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | €31,133 | -€16,075 | -€47,208 | |
| Income taxes | 67/77 | €10,061 | - | -€10,061 | |
| Profit (loss) for the period | 9904 | €21,072 | -€16,075 | -€37,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,072 | -€16,075 | -€37,146 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.